BPEL and Statistics Research

Research Topics

The phrase research and development (also R and D or, more often, R&D), according to the Organization for Economic Co-operation and Development,
refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society,
and the use of this stock of knowledge to devise new applications.

Question: What Does Research And Development - R&D Mean?
Answer:
Investigative activities that a business chooses to conduct with the intention of making a discovery that can either lead to the development of new
products or procedures, or to improvement of existing products or procedures. Research and development is one of the means by which business can experience
future growth by developing new products or processes to improve and expand their operations.

Statistics

When people speak of statistics, they usually mean one or more of the following:

Numerical data such as the unemployment rate, the number of persons who die annually from bee stings, or the racial makeup of the population of New
York City in 2006 as compared to 1906.

Numbers used to describe samples (subsets) of data, such as the mean (average), as opposed to numbers used to describe populations (entire sets of
data); for instance, if we work for an advertising firm interested in the average age of people who subscribe to Sports Illustrated, we can draw a sample of
subscribers and calculate the mean of that sample (a statistic), which is an estimate of the mean of the entire population of subscribers.

Particular procedures used to analyze data, and the results of those procedures, such as the t statistic or the chi-square statistic.

A field of study that develops and uses mathematical procedures to describe data and make decisions regarding it.